Ajax Mortgage Calculator
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Enter the amount that you are planning on paying for the property
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
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Enter the amount that you will pay upfront
toward the property to obtain a mortgage
–
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CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
+
$19,000
$13,950
$11,900
$0.00
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Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
=
$494,000
$463,950
$436,900
$400,000
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Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
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Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Select
Select
Select
Select
4.49 %
4.84 %
4.89 %
4.94 %
4.94 %
4.99 %
4.99 %
4.99 %
5.04 %
5.04 %
5.09 %
5.14 %
5.74 %
5.74 %
6.49 %
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
–
–
–
–
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
Down Payment
$25,000
$50,000
$75,000
$100,000
Mortgage Insurance PST
+
$1,520
$1,116
$952
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
$6,475
$6,475
$6,475
$6,475
Total Cash Needed
=
$34,495
$59,091
$83,927
$107,975
First time home buyers in Ajax are eligible for a Land Transfer Tax rebate of up to $4,000
Ajax Mortgage Calculator Examples
Beautiful Bungalow Situated On A Premium Ravine Lot! This 2+1 Bedroom 3 Bath Home Is In A Highly Sought-After Neighbourhood. The Living / Dining Room Has Hardwood Flooring. Primary Bedroom Has 4 Piece Ensuite And Walk-In Closet. Spacious Eat-In Kitchen That Walks Out To The Patio, Enjoy Your Morning Coffee In The Tranquil Backyard With No Neighbours Behind! Huge Finished Basement With Above-Grade Windows, 8Ft Ceilings, And Lots Of Storage That Has A Large Recreation Room With Gas Fireplace And New Laminate Flooring, 3Rd Bedroom, And 4 Piece Bath And Cold Cellar. Double Car Garage With Entry From The House . Main Floor Laundry. Recent Update : Roof Approx 6 Years Old, Garage Doors Approx 5 Yrs Old, Stainless Steel Appliance, Washer / Dryer, Laminate In Recreation Room Installed 2 Months Ago, Countertop Installed 2 Months Ago, Mostly Freshly Painted Throughout. (Id:23934)
CALL1.877.896.6727
Property Price
$839,900
Minimum Down Payment (%)
7.02%
Minimum Down Payment ($)
$58,990
Mortgage Insurance ($)
$31,236
Mortgage Required ($)
$812,146
Best Mortgage Rate (%)
4.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$13,273
Mortgage Insurance PST
$2,499
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$76,262
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$72,262
Monthly Payment
$4,490
Your Dream Home Awaits! Spectacular 2700 Square Ft Model With Stunning Curb Appeal! Prepare To Be Captivated By This Exceptional Property That Effortlessly Combines Style, Comfort And Luxurious Living. This 2700 Square Ft Gem Is Sure To Leave A Lasting Impression. Embrace The Joy Of Summer With Your Own Private Oasis! This Property Boasts A Stunning Inground Swimming Pool With Western Exposure, Allowing You To Bask In The Sun's Warmth All Day Long. Impeccably Maintained And Thoughtfully Upgraded, This Home Showcases The Care And Attention To Detail Bestowed Upon It. Every Corner Of This Residence Exudes Quality And Sophistication, Ensuring A Turn-Key Experience For The Fortunate New Owner. Prepare To Indulge Your Culinary Passions In The Chef's Kitchen, Featuring Elegant Quartz Countertops And A Convenient Centre Island. This Well-Appointed Space Seamlessly Flows Into The Expansive Family Room, Creating An Inviting Atmosphere For Both Everyday Living And Entertaining.**** Extras **** Elevate Your Dining Experiences In The Separate Dining Room, Adorned With Rich Hardwood Flooring. This Elegant Space Sets The Stage For Memorable Meals And Gatherings With Loved Ones, Providing A Refined Ambiance For All To Enjoy. (Id:23934)
CALL1.877.896.6727
Property Price
$1,449,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$289,800
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,159,200
Best Mortgage Rate (%)
4.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$25,455
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$316,755
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$312,755
Monthly Payment
$6,409
Beautifully Renovated Semi- Townhouse With Finished Basement. Large Recreation Room With 1-3Pc Bathroom. Basement Laundry/ Furnace Room With Cold Cellar. This Home Is Bright With Open Concept Living, Dining Kitchen And Breakfast Area. Walkout To Yard Main Floor New 1-2Pc Powder Room.**** Extras **** All Upgraded Laminate Flooring In Areas On Main Floor And 2Nd Floor . A Must View Property Close To All Amenities. Schools, Parks, Shopping And Transit. (Id:23934)
CALL1.877.896.6727
Property Price
$849,900
Minimum Down Payment (%)
7.06%
Minimum Down Payment ($)
$59,990
Mortgage Insurance ($)
$31,596
Mortgage Required ($)
$821,506
Best Mortgage Rate (%)
4.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$13,473
Mortgage Insurance PST
$2,528
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$77,491
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$73,491
Monthly Payment
$4,542
Must See Drone Video ....What A Lifestyle This Spectacular 4 Level Sidesplit Home Offers!!! It Is Nestled On A Mature, Tree Lined Street On A Massive Pool Sized Pie-Shaped Lot In Sought After South Ajax By The Lake. Located A Quick Walk To The Waterfront Trail And The Lake Offering Parks And Miles And Miles Of Trail For Biking, Walking And Picnics. The Open Concept Layout Showcases A New Chef's Dream Kitchen (2020) That Is Perfect For Families Of Any Size And Entertaining. The Gorgeous Sunfilled 40-Foot Solarium Off The Kitchen Overlooks The Private, Park -Like Backyard That Is Great For Kids, Family Get-Togethers, Entertaining Or Gardening. Freshly Painted And Spotless So You Can Move Right In And Enjoy The Summer.**** Extras **** 2020 Renovations Include: New Kitchen With Stainless Appliances And Hood, Quartz Counters, Pantry, Garburetor, Water Purification System, Rough-In Cabinetry For Built-In Microwave, Hardwood Flooring , Double Entry Door And Garage Door. (Id:23934)
CALL1.877.896.6727
Property Price
$1,250,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$250,000
Mortgage Insurance ($)
$0
Mortgage Required ($)
$1,000,000
Best Mortgage Rate (%)
4.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$21,475
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$272,975
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$268,975
Monthly Payment
$5,529
Welcome To 99 Aldonschool. This Bright Rare 4 Bedroom & 4 Bathroom Home Boasts A Blend Of Modern Design, Abundant Light, And A Family-Friendly Neighbourhood. The Open-Concept Living Room Complete With A Fireplace , Dining, & Kitchen Area Create A Perfect Setting For Entertaining Guests & Family. The Chef's Kitchen Is Dream, With Sleek Countertops, Stainless Steel Appliances, And Ample Cabinet Space. Walkout To The Private Zen Garden And Large Fenced Yard . With 4 Large Bedrooms This Is The Perfect Family Home.The Primary Bedroom, Has An Oasis 4 Pce En-Suite , Offering Privacy And Comfort. The Additional Three Bedrooms Are Perfect For Children, Guests Or Home Offices. The Fully Finished Lower Level Offers A Bright Recreation Room & Renovated 3 Pce Bath. Walk To Shops, Restaurants, Parks & Schools. This Beautiful Open Concept Home Lends The Perfect Blend Of Style, Comfort, And Convenience.**** Extras **** Newly Painted. Corner Lot Extra Privacy. Fully Fenced Yard. Large Shed. Ample Storage. Child Friendly Court Location. (Id:23934)
CALL1.877.896.6727
Property Price
$899,000
Minimum Down Payment (%)
7.22%
Minimum Down Payment ($)
$64,900
Mortgage Insurance ($)
$33,364
Mortgage Required ($)
$867,464
Best Mortgage Rate (%)
4.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$14,455
Mortgage Insurance PST
$2,669
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$83,524
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$79,524
Monthly Payment
$4,796
Mortgages In Ajax
Suburban life that exists outside the city of Toronto can easily be found in Ajax! At times confused with Pickering due to the two practically having no empty space between them, Ajax is a 'textbook suburbia' that encompasses golf courses, explorable conservation areas & parks (some with beaches), healthcare centres, abundant schools, amenities, and public transportation. The real estate opportunities here are at an all-time high (thanks to the growing economy), with various housing stock dwellings that can meet or exceed home buyers' expectations. A mortgage loan can be one financial solution for purchasing a new home here, and using an Ajax mortgage calculator can help. With new residential developments going up in the horizon, buyers will find that this city is more than a great investment, and using a mortgage calculator will help you to find out what your monthly payment would be on a specifically priced home. When a home listed on the MLS has your attention and you feel you are ready to move forward to approach a lender for a mortgage loan, make sure that you have taken stock of your finances, because you are about to dive into the mortgage market. Mortgage brokers are cunning & know this market well (a great ally to have in this crazily competitive sector).
Securing a mortgage loan for a home in Ajax is not going to be a problem when you have your finances in order (if you curiously used any other type of mortgage calculator, then you already know that lenders will dive deep into your financial history). Buying a home is not usually done on a whim, but some home buyers are not as prepared financially as they should be. Lenders look at credit history (did you manage to pay off any debts in a timely manner and in full), verifiable job/income tenure, is your down payment & closing costs saved or borrowed, do you possess assets, and so on. Sure, there are lenders out there that work with people for a mortgage loan that are not financially prepared or that have less-than-spotless credit ratings & debt, but these lenders will impose higher interest rates and additional fees to cover the higher risk. Mortgage loan lenders will not offer you the full scope of mortgage products if there is more risk involved, so if you had a hybrid mortgage on your mind as ideal for your finances (a split mortgage that uses both a variable rate mortgage and a fixed rate mortgage), you may be out of luck.